Teradyne, Inc. $TER Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP decreased its holdings in Teradyne, Inc. by 24.2%, now owning approximately 95,868 shares worth $7.92 million.
• Analysts are optimistic about Teradyne, with several firms reiterating a buy rating and increasing price targets; the consensus rating is a Moderate Buy with a target price of $114.44.
• Teradyne's quarterly earnings report beat expectations, showing an EPS of $0.57 and a revenue of $651.80 million, although revenue was down 10.7% year-over-year.

Korea Investment CORP reduced its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 24.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,868 shares of the company's stock after selling 30,595 shares during the period. Korea Investment CORP owned about 0.06% of Teradyne worth $7,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TER. Snowden Capital Advisors LLC grew its holdings in Teradyne by 2.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company's stock valued at $472,000 after buying an additional 103 shares in the last quarter. HighTower Advisors LLC increased its position in Teradyne by 1.0% during the first quarter. HighTower Advisors LLC now owns 12,528 shares of the company's stock worth $1,035,000 after purchasing an additional 124 shares during the last quarter. Manchester Capital Management LLC raised its stake in Teradyne by 44.7% during the first quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock worth $37,000 after purchasing an additional 140 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Teradyne by 22.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 820 shares of the company's stock valued at $68,000 after purchasing an additional 149 shares during the last quarter. Finally, Heritage Family Offices LLP grew its stake in shares of Teradyne by 6.7% in the 1st quarter. Heritage Family Offices LLP now owns 2,568 shares of the company's stock valued at $212,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 554 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total transaction of $58,724.00. Following the completion of the transaction, the chief executive officer directly owned 96,993 shares of the company's stock, valued at approximately $10,281,258. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TER has been the topic of a number of recent analyst reports. Wall Street Zen cut Teradyne from a "hold" rating to a "sell" rating in a report on Sunday. Cantor Fitzgerald set a $105.00 target price on Teradyne and gave the company an "overweight" rating in a research report on Tuesday, June 24th. UBS Group reiterated a "buy" rating and set a $130.00 price target (up from $120.00) on shares of Teradyne in a report on Thursday, July 31st. Stifel Nicolaus raised their price objective on Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group restated a "sell" rating and issued a $85.00 price objective on shares of Teradyne in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $114.44.

Teradyne Stock Performance

Shares of NASDAQ:TER traded up $1.54 on Tuesday, hitting $118.61. 3,563,515 shares of the company's stock were exchanged, compared to its average volume of 3,491,565. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $144.16. The company has a market capitalization of $18.87 billion, a PE ratio of 41.04, a P/E/G ratio of 2.43 and a beta of 1.72. The firm's 50-day moving average is $98.28 and its 200 day moving average is $91.03.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The firm had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. During the same period in the previous year, the company earned $0.86 earnings per share. Teradyne's quarterly revenue was down 10.7% compared to the same quarter last year. Teradyne has set its Q3 2025 guidance at 0.690-0.870 EPS. On average, analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne declared that its board has initiated a stock repurchase program on Monday, April 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 5th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 5th. Teradyne's dividend payout ratio is currently 16.61%.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.